Mandy McAllister
Refi or new property?
Which would you choose to do with 40k?My husband's former residence is now a rental property for us. Property is worth 120k, we owe 133k. Market rent is about 1300 per month. Loan is a 20 year HARP at 5.25%. PIMI,...
Deville Nunes
I have a property that is paid off. I am taking $60,000 cash out to buy more investment properties. Should I;
A.) Buy a 2 bedroom fixer for $38,000 in San Bernardino CA. and fix it up for $15,000. Rent for this would be $750 a month. It will be worth $70,000 once it's done.
With this house, I can borrow against it (because ...
Marian Jimenez
ADVICE NEEDED! REFI with cash out?
Hi,So I'm trying to make my first move into real estate investing. I'm going to be pursuing multi unit rental properties that I will "hack" by living in them for the first year. I'm having issues with how to start. He...
Joanne Gonzalez
Refi or keep my current mortgage
I bought my primary June of last year. Showed in my credit and it was $169,750 loan, 5.4 APR, $1,139 monthly payment. Due to some circumstances I had to refinance and because I was renting it out I had to refinance in...
John Hanewich
Need financial advice for my first power move! Financing a new build out! Southern Ma
Hi all,
This is my first post seeking some advice on my scenario. I'd like to give my background and goal and then long term goal and niche space I am looking to go into. I am in the Southern Maine area if that matt...
Luka Milicevic
A friend of mine is going through divorce but wants to keep the house
Hey BP,I have a good friend of mine who is currently going through a divorce. He has two options with the house1-sell and split the proceeds2-Keep the house and payout his spouses equity portion over the next 10 years...
Andrea J.
LLC Partner Buyout Calculation
I'm new to the real estate investing world and unfortunately am having an issue with my LLC partner (also my ex) and will have to buy him out. As of just recently, we currently own one house that needs to be gutted an...
Demetrius Crisco
land locked land in fl
Here is the situation. I have a good friend of mine who owns 2 acres of land that is land locked. We both live in FL and the land is in FL. I have looked into it and am thinking we can go to court and basically make ...
Andrew B.
Need Advice on Offer - Pre-Foreclosure with Foundation Issues
Hello BP Brain-trust,I am looking for advice on a potential offer on a pre-foreclosure property. The property is listed and they need closing in about 12 days. Initially my wife and I were thinking of a live-in flip a...
Arthur Voskanyan
Mortgages and Numbers
I just need some clarification regarding home equity loans? For example, if I own a clear free FMV home of $200,000 and I want to purchase another, with a mortgage acquisition, why can’t I put down 99% as the downpaym...